ProShares Announces ETF Share Splits

ProShares announced today share splits on 7 of its ETFs. The splits will not change the value of a shareholder’s investment.

Forward Splits:

2 ETFs will forward split shares 2-for-1:

UltraShort MSCI Brazil Capped (BZQ)
UltraShort Silver (ZSL)

All splits will apply to shareholders of record as of the close of the markets on November 10, 2015, payable after the close of the markets on November 12, 2015. The funds will trade at their post-split price on November 13, 2015.

Reverse Splits:

(i) 4 ETFs will reverse split shares 1-to-3:

Ultra Gold Miners (GDXX)
Ultra Junior Miners (GDJJ)
Ultra Oil & Gas Exploration & Production (UOP)
Ultra MSCI Brazil Capped (UBR)

(ii) 1 ETF will reverse split 1-to-5:

UltraPro Nasdaq Biotechnology (UBIO)

All reverse splits will be effective at the market open on November 13, 2015 when the funds will begin trading at their post-split price. The ticker symbol for the funds will not change.

Leave a Reply

Your email address will not be published.